Do you know what is the most cost effective insurance for parents over 50 years old?

Under normal circumstances, it is more cost-effective to buy medical insurance, accident insurance, critical illness insurance, and cancer insurance for parents over 50 years old, because these major types of insurance are more practical for parents.

Here the senior sister has prepared a detailed guide for you to insure your parents, and interested friends can check it by yourself: what are the [old people's insurance] and what insurance is good to buy for your parents, you all need to know.

Then, the senior sister will explain why she should buy the above insurance for her parents.

When parents get older, their physical functions decline, and they are prone to various minor problems and need to go to the hospital**. Medical insurance, on the other hand, reimburses the contracted medical expenses incurred from the disease. Therefore, by configuring a medical insurance for parents, you can reduce the financial losses caused by illness.

Accident insurance, on the other hand, covers accidental injury. Parents over the age of 50 are prone to accidents such as falls and slips in their lives, and if they have an accident insurance policy in the event of an accident, the insurance company will compensate them. Not only that, most accident insurance does not require health notification, the insurance threshold is low, the premium is cheap, and it is very suitable for people over 50 years old.

As for critical illness insurance, it is a benefit-type insurance. The probability of major diseases in middle-aged and elderly people is high, if the parents suffer from a serious illness, then it will be followed by high costs, and the cost of follow-up care is not a small amount. Critical illness insurance can compensate for this part of the economic loss and relieve the financial pressure of the insured.

However, the critical illness insurance on the market has strict conditions in terms of insurance age and health notice, and it is difficult for people over 55 years old to buy suitable critical illness insurance, and even if there is a suitable one, the required premium is also higher, and the premium is prone to inversion.

Therefore, if you can't buy critical illness insurance, you can buy a cancer insurance for your parents, after all, cancer is one of the most common major diseases, and cancer insurance can provide protection for this disease.

Parents over the age of 50 are more suitable to buy insurance such as cancer insurance, medical insurance and accident insurance, and if they are still responsible for the family's financial burden, they can also add life insurance. In this way, even if you unfortunately fall, you will have the insurance money paid by the life insurance to help you complete your unfulfilled family responsibilities.

Don't enroll in critical illness insurance, which has high premiums and low sum insured. Parents between the ages of 50 and 65 opt for million-dollar medical insurance. The sum insured of about 1000 can reach 3 million. It can reimburse medical expenses inside and outside social insurance. The sum insured of 2 million for those over 60 years old is also more than 1,000.

How should parents over the age of 55 buy insurance?

50-year-old parents' physical function is gradually declining, we need to buy an insurance for them to escort, the elderly do not know how to choose? You might as well take a look at this article first:What are the insurance for the elderly, and what insurance is good for your parents, you all need to know

1. What types of insurance should be configured for parents?

1. Cancer prevention medical insurance:According to statistics, malignant tumors account for about 70% of the claims for critical illness, and the older you get, the higher the risk of developing the disease! As the name suggests, cancer medical insurance only protects cancer, although the scope is not large, as a better way to protect cancer, there is still a need for configuration, and the health notice is relaxed, the insurance age range is large, and the premium is not expensive, it is an ideal alternative to critical illness insurance, cancer prevention medical insurance has recently been listed in many paragraphs, I want to know how to choose the right one?

Suggested take a look:What is cancer insurance, how to buy it, which one is good, comprehensive analysis, comparative evaluation

2. Accident insurance for the elderly:If parents over the age of 50 are retired, they are likely to help take their grandchildren or go dancing and climbing mountains in their spare time, and they are more likely to encounter accidents such as falls, strains, and sprains.

Second, the specific product plan recommendation

The plan is configured for parents over 50, let's take a look at the details:

1. Good medical insurance for cancer preventionHealth notice is relaxed, the biggest highlight is the 6-year guaranteed renewal, if the parents' health is average, this is a good choice, this good medical insurance cancer prevention medical insurance** has certain advantages, you can consider, but there are more cost-effective cancer prevention medical insurance on the market, you can take a look at this first:What is cancer insurance, how to buy it, which one is good, comprehensive analysis, comparative evaluation

2. TalismanThe sum insured is high, the maximum amount of insurance can be 1 million, the amount of sudden death insurance is 1 million that is consistent with the amount of accidental death and disability, and the amount of accidental medical insurance is 100,000.

Parents over the age of 50 buy insurance, generally consider these:1Medical insurance, if the parents have some physical problems and do not meet the insurance requirements of medical insurance, cancer prevention medical insurance can also be used as an alternative; 2.

Cancer insurance, because it is not cost-effective for parents to buy critical illness insurance, cancer insurance is generally used as a supplement; 3.Accident insurance, remember to be sure to include accidental medical liability.

After parents reach the age of 50, it is inevitable that the safety and health conditions will not be worried.

At this time, it is very necessary for us as children to buy an insurance policy for our parents.

How should I buy this kind of insurance?

The first is accident insuranceAs parents get older, the risk of accidental falls and injuries will increase, and accident insurance has low premiums, low thresholds, and high protection, which is the first choice.

This is followed by million-dollar health insurance, it has a moderate premium and can be a good supplement to medical insurance.

Finally, there is critical illness insuranceUnder the premise of sufficient budget, there is more protection.

How do parents over the age of 65 choose insurance?

The one downstairs is still an enterprise number, and it is also a blind answer, talking on paper.

The premium of critical illness insurance for those over the age of 50 is upside down, and the premium paid is greater than the sum insured.

Moreover, 50-year-olds will have physical problems to a greater or lesser extent, so there is no need to consider critical illness insurance, just buy cancer insurance. Cancer accounts for two-thirds of critical illnesses, and cancer insurance** is much lower than critical illness insurance.

In addition to cancer insurance, with medical insurance and accident insurance, the problem is solved with 350000 per year.

1. According to your consideration (this is also the value of insurance, it is to effectively solve your worries), critical illness insurance, additional hospitalization medical insurance and accidental injury medical insurance. The focus here is on critical illness insurance, on the one hand, this part of the sum insured is relatively large, and the other is the main part of the premium, for the adjustment according to the economic ability, there are basically two ways, one is to adjust the sum insured, the other is to adjust the protection period, such as changing the lifetime protection to regular protection, which has a great impact on the premium;

2. About the physical examination, there is nothing, and the insurance company's physical examination does not need to cost, it is very good to do a physical examination, after the physical examination, if there is a problem, the insurance company does not underwrite, and the entire premium will be refunded, if you need to add an additional fee, you do not agree, it is also refunded.

1. Children can buy an accident insurance for their parents, generally a one-year accident insurance premium is about 100 yuan, the insurance amount is 100,000 yuan, the maximum insurance age of such products can generally reach 75 to 80 years old, for the elderly due to accidental injuries caused by high disability, fractures, joint dislocations, burns, major surgery, etc., to provide higher insurance protection, insurance companies pay up to 70,000 120,000 yuan.

2. If it is a family with a relatively high income, relatively stable and high assets, you can also buy whole life insurance for your parents in advance, and the beneficiary can receive the insurance money whenever the insured dies after applying for insurance.

Parents over the age of 50 buy insurance, generally consider these:1Medical insurance, if the parents have some physical problems and do not meet the insurance requirements of medical insurance, cancer prevention medical insurance can also be used as an alternative; 2.

Cancer insurance, because it is not cost-effective for parents to buy critical illness insurance, cancer insurance is generally used as a supplement; 3.Accident insurance, remember to be sure to include accidental medical liability.

Parents over the age of 50 buy insurance, generally consider these:1Medical insurance, if the parents have some physical problems and do not meet the insurance requirements of medical insurance, cancer prevention medical insurance can also be used as an alternative; 2.

Cancer insurance, because it is not cost-effective for parents to buy critical illness insurance, cancer insurance is generally used as a supplement; 3.Accident insurance, remember to be sure to include accidental medical liability.

It is best to buy critical illness insurance for parents over the age of 50, as many diseases come out when the parents are older.

The insurance of unfilial piety of children should be saved for themselves from a young age, and after the policy takes effect, it will be enough for their own retirement. However, when I reach the age of 50, I am afraid that I should buy old people, no one has insurance, and I will exchange my house for insurance.

I think 50-year-old parents should buy life accident insurance, endowment insurance, and medical insurance. Because I'm old.

I think parents over the age of 50 should buy critical illness insurance, because as they get older, their bodies may not be as tough as they were when they were younger.

The first thing to buy is medical insurance, and after the parents reach 50, their physical fitness will slowly deteriorate.

Critical illness insurance is not recommended for people over 50 years old! Accident + cancer insurance + million medical insurance, if you can't buy million medical insurance, change to cancer medical insurance.

Parents over the age of 50 should buy a critical illness insurance, after all, as they get older, many times everything may come quietly.

Parents over the age of 50 should buy life insurance and high-end medical insurance, because the elderly are afraid of getting sick, and having an insurance policy has more protection.

Parents over the age of 50 can also invest in the following categories in addition to life insurance in terms of physical health.

It's really expensive to buy insurance over 50 years old, so it's better to buy it earlier if you have the ability.

The kind of health insurance that buys and then brings health insurance, many companies are doing it, and it is best to have a physical examination every year.

Life insurance, accident insurance, medical insurance should. No, you have to make some guarantees for your lifespan, and you have to make some guarantees for your accidents and medical accidents.

Annuity and pension insurance, medical insurance, accident insurance.

Medical insurance is the mainstay, supplemented by an accident insurance.

You can buy a full set of insurance for your parents, and you can provide multi-faceted insurance and multi-faceted protection.

Be cautious when buying critical illness insurance for parents over the age of 50.

First of all, critical illness insurance products basically have an age limit, and the maximum age is generally set at about one year old, and people beyond this age range cannot be insured.

Secondly, the health notice of critical illness insurance products is usually relatively strict, and the elderly are likely to be denied insurance due to their older age and weakened body immunity.

If it's just a little bit wrong, then it is possible to successfully apply for insurance by mastering the following skills: Remember these 5 steps to get you sick and apply for insurance smoothly!

Finally, older people may face the problem of "premium inversion" when buying critical illness insurance.

I believe most people know that the incidence of critical illness will continue to increase with age, so the premium of critical illness insurance for the elderly will be much higher than that of young people, provided that other insurance conditions remain the same.

In this case, it is very easy to pay more than the sum insured or close to the sum insured, which is called premium inversion, which is obviously not cost-effective.

Many people will think that people over 50 years old will find it difficult to choose the right insurance due to age, physical condition and other reasons, but in fact, there are several types of insurance that are very friendly to the elderly, such as cancer insurance, accident insurance, etc.

Space is limited, interested friends can read this elderly insurance strategy: what are the [old people's insurance] and what insurance is good for your parents, you all need to know.

For parents over 50 years old to buy critical illness insurance, be cautious, because the older the age, the more expensive the premium of critical illness insurance is usually the more expensive, people over 50 years old to buy critical illness insurance, may face the problem of premium inversion, that is, the premium paid is greater than the amount insured, the simple understanding is that the money paid by themselves is more than the insurance company loses money.

If you are over 50 years old, you can generally choose the following types of insurance:

1.Million Medical Insurance

The older you get, the higher the chance of serious illness. When the parents' physical condition still allows, it is also necessary to configure a medical insurance.

According to the insurance company's claim report data, the average cost of critical illness is generally more than 100,000 yuan, and the cost of cancer is usually 30-500,000 yuan or even higher.

And the million-dollar medical insurance can reimburse such high medical expenses.

2.Accident insurance

Accidents are difficult for everyone to avoid, especially for elderly parents, and the probability is second only to the risk of disease.

Consumer-based accident insurance is cost-effective, with disability liability that cannot be covered by other types of insurance, and is very worthwhile for parents who are prone to accidents.

3.Cancer insurance

The incidence of cancer accounts for about 70% of major diseases, which does not meet the insurance requirements of million medical insurance and critical illness insurance, and can be replaced by cancer insurance that covers a single disease.

Although cancer insurance only covers cancer and is not comprehensive, it is especially suitable for the elderly.